Nigerian e-learning platform, uLesson, has announced new investment from Founder Collective, a marquee seed -stage venture capital fund. The founder of the platform, Sim Shagaya announced this on Tuesday via his twitter handle.
Though the amount is undisclosed but it will be used to further the expansion of ULesson’s online learning platform. It will also be used to continue to make available high-quality, affordable and accessible education for African learners.
Today @uLessonApp announces additional Seed financing from @fcollective. Thanks @dafrankel @parulia for the amazing support! https://t.co/GdahOWJ7x8
— Sim Shagaya (@SimShagaya) April 21, 2020
The online learning platform recently announced a milestone of 40,000 app downloads by users in 4 weeks after it was launched into the market.
The milestone showed that the platform’s service is much needed by people. This is magnified by the lockdown situation because people cannot go to physical educational centers and are looking for suitable virtual alternatives.
Sim Shagaya has revealed how happy he is with the new investment when he said that “The entire team is excited and humbled by this investment by Founder Collective and the strategic guidance and support they bring to our journey. Building a learning platform like uLesson with a library that is rich in content and scope portends huge benefits for the education system in terms of quality and relevance of content, cost-efficiency, and ease of learning”.
Before being launched into the market, the online platform was in beta phase where it was tested to make sure that it fits the needs of its target market as a portable classroom for every student.
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3 months before the online learning platform was eventually launched to the market, it raised $3.1 million from TlCom Capital to aid its expansion across West Africa.
4 weeks after the launch, Sim Shagaya has further announced that ULesson had expanded to North America, Africa, and Europe and was now available to learners in those regions.
As one of the goals of this latest announced funding, the learning platform will be pushing to expand its content library for users and make sure that quality education is available and affordable.
“This is especially important in a continent like Africa where there is a significant rate of education exclusion. With uLesson, we have created a convergence between quality education and access to education. With this funding, we will expand our content library and accelerate our push for providing high-quality, affordable and accessible education for learners”
As it goes forward, what to expect from ULesson in the coming months include a Windows product as well as a Junior secondary school library covering Basic Technology, Basic Science, Business Studies and Mathematics.
Yetunde Adegoke
